Veterans’ Mortgage Life Insurance (VMLI) is Mortgage Life Insurance (VNILI) is mortgage protection insurance available to severely disabled Veterans who have been approved by VA for a Specially Adapted Housing Grant (SAH). Maximum coverage is the amount of the existing mortgage up to $90,000, and is payable only to the mortgage company. Effective October 1, 2011, maximum coverage will be increased to $150,000. The maximum coverage amount will increase again on January 1, 2012, to $200,000. Protection is issued automatically following SAH approval, provided the veteran submits information required to establish a premium and does not decline coverage. Coverage automatically terminates when the mortgage is paid off. If a mortgage is disposed of through sale of the property, VNILI may be obtained on the mortgage of another home.